Porter 1985 value chain

According to the Vietnam Chamber of Commerce and Industry (VCCI), at present, just 21 percent of SMEs in Vietnam have taken part in global value chains while the rate of their Asian peers is 46 percent. Worse, Vietnamese enterprises have just done simple steps such as doing outwork or manufacturing with low and unsustainable value in the value chains. The program will help enterprises to cut trading cost by simplifying policies on commerce between related agencies and harmonizing the policies between the central and localities and complying with international standard for facilitation of carrying out trading agreements. The project helps to connect small and medium enterprises in the chain as well as connect Vietnamese enterprises with international investors. BY MINH HAI - Translated by DAN THUY … [Read more...] about Programs to help SMEs joining global value chains

The rice industry requires more radical and sustainable solutions like establishing value chains (Photo: VNA) Hanoi (VNS/VNA) - After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Vietnam – though not by much. Still, the Government’s purchase of rice to stock reserves was a temporary solution. The rice industry requires more radical and sustainable solutions like establishing value chains. Following a requirement of the State Bank of Vietnam in early March, several commercial banks provided loans with three to six month terms at preferential rates of 6 percent to enterprises so they could buy rice from farmers. This helped push up prices in region by around 200-300 VND per kilo. Nguyen Ngoc Nam, President of the Vietnam Food Association, the difficulty now was seeking markets for rice consumption, especially exports. According to the Ministry of … [Read more...] about Vietnamese rice industry needs value chains

Rice stocked at a food processing company in Tan Hong District, Dong Thap Province. Rice prices inched up in recent days thanks to rescue efforts by the Government. — VNA/VNS Photo Nguyen Van Tri After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Viet Nam – though not by much. Still, the Government’s purchase of rice to stock reserves was a temporary solution. The rice industry requires more radical and sustainable solutions like establishing value chains. Following a requirement of the State Bank of Viet Nam in early March, several commercial banks provided loans with three to six month terms at preferential rates of 6 per cent to enterprises so they could buy rice from farmers. This helped push up prices in region by around VND200-300 per kilo. Nguyen Ngoc Nam, president of the Viet Nam Food Association, the difficulty now was seeking markets for rice … [Read more...] about VN rice industry needs to establish value chains

(VEN) - Agricultural production in Vietnam remains small-scale and unfocused, leading to unstable quality and sales difficulties. Promoting value chain linkages is urgently necessary for the agricultural sector to resolve these problems. Since the beginning of 2018, the sale of various kinds of farm produce, such as beet, kohlrabi, watermelon, shallot and sweet potato, has been difficult despite bumper crops. The same was true for thousands of hectares of carrots in Hai Duong Province in late January and early February 2019. Prices dropped more than 50 percent compared with previous years. Spontaneous, unplanned farming has led to oversupply and price drops in times of bumper crops. Businesses hesitate to invest in farming because the effectiveness of investment depends heavily on weather conditions. Moreover, the range of key agricultural products remains poor. In many localities, farmers grow crops whenever they can but do not take into account the potential markets for their … [Read more...] about Value chains crucial to promoting farm produce sales

EU funds shrimp value chain development Tu Giang and Trung Chanh HANOI, CAN THO - The European Union (EU) is financing a project worth 2.5 million euros to promote shrimp production and value chain development in a number of Mekong Delta provinces. The project, which is funded under SWITCH-Asia program, aims to promote sustainable economic prosperity and poverty reduction in Vietnam. Small and medium processing enterprises, shrimp producers and inhabitants in a number of Mekong Delta provinces will benefit from the “sustainable and equitable shrimp production and value chain development” project, which was launched by Oxfam, the International Collaborating Center for Aquaculture and Fisheries Sustainability (ICAFIS) and partners. Nguyen Le Hoa, deputy country director of Oxfam in Vietnam, told a seminar in Can Tho City on May 25 that the project would be implemented in Soc Trang, Bac Lieu and Ca Mau provinces over a period of four years ending in February 2020. … [Read more...] about EU funds shrimp value chain development